The financial landscape was sent into a tailspin on January 9, 2026, when President Donald Trump announced a sweeping proposal to implement a temporary, one-year 10% cap on all credit card interest rates, effective January 20. The announcement, delivered via social media and followed by a brief press conference, has
As the sun rises on January 12, 2026, Wall Street finds itself in a state of high-stakes anticipation. Investors are collectively holding their breath for tomorrow’s release of the December 2025 Consumer Price Index (CPI) report, a data point that is expected to serve as the definitive barometer for
Gold prices surged to an unprecedented all-time high on Monday, January 12, 2026, as a deepening conflict between the White House and the Federal Reserve sent shockwaves through global financial markets. Spot gold breached the $4,600 mark for the first time in history, peaking at $4,600.33 per
The financial markets were jolted into a state of high volatility on Monday, January 12, 2026, as investors reacted to a renewed and aggressive push from President Donald Trump to implement a federal cap on credit card interest rates. The proposal, which seeks to limit annual percentage rates (APRs) to
In a stunning display of resilience, the U.S. stock market surged to unprecedented levels on January 12, 2026, as both the S&P 500 and the Dow Jones Industrial Average (DJIA) notched fresh closing records. Investors appeared to decouple from a swirl of political and regulatory uncertainty, focusing instead
The long-standing tension between the executive branch and the nation’s central bank reached a boiling point this week as the U.S. Department of Justice (DOJ) launched a formal criminal investigation into Federal Reserve Chair Jerome Powell. The probe, which centers on allegations of perjury regarding a multi-billion dollar
Shares of financial services company Capital One (NYSE:COF) fell 6.6% in the afternoon session after President Donald Trump announced a plan to impose a one-year, 10% cap on credit card interest rates.
The U.S. stock market experienced a striking divergence on Monday, January 12, 2026, as a surge in artificial intelligence optimism propelled the Nasdaq Composite and S&P 500 to near-record levels, while a sudden regulatory shock to the banking sector left the Dow Jones Industrial Average languishing in the
federal judge preliminarily approved the company's revised $425 million to settle a lawsuit related to its 360 Savings accounts with depositors who said they were cheated out of high interest rates.
As of January 12, 2026, the traditional boundaries between the U.S. executive branch and the Federal Reserve have effectively dissolved, sparking a historic standoff that has left investors grappling with the future of American monetary independence. Following a dramatic Sunday evening video statement from Fed Chair Jerome Powell, in
The financial sector is reeling this week as a new and aggressive regulatory threat takes center stage: a proposed 10% national cap on credit card interest rates. On January 9, 2026, President Donald Trump used a series of public statements to call for an immediate, one-year "affordability" cap to be
WASHINGTON, D.C. — In a historic display of institutional solidarity, a bipartisan coalition of former Federal Reserve leaders and Treasury officials issued a blistering rebuke today, January 12, 2026, against the Department of Justice’s (DOJ) criminal investigation into sitting Fed Chair Jerome Powell. The joint statement, signed by former
NEW YORK — Shares of Synchrony Financial (NYSE: SYF) plummeted more than 8% on Monday as investors reacted with alarm to a weekend proposal from President-elect Donald Trump to institute a temporary 10% cap on credit card interest rates. The announcement, which sent shockwaves through the consumer finance sector, has ignited
In a move that has sent shockwaves through global financial centers and ignited a constitutional firestorm, the Department of Justice (DOJ) has officially opened a criminal investigation into Federal Reserve Chair Jerome Powell. The probe, which centers on allegations of "lying to Congress" regarding a multibillion-dollar renovation of the Federal
Shares of consumer financial services company Synchrony Financial (NYSE:SYF) fell 8.1% in the afternoon session after President Donald Trump proposed capping credit card interest rates.
Shares of global payments company American Express (NYSE:AXP) fell 4.1% in the afternoon session after President Donald Trump announced a call for a 10% cap on credit card interest rates.
The S&P 500 index demonstrated remarkable intraday resilience on Monday, January 12, 2026, clawing back from early session lows triggered by a sudden Department of Justice (DOJ) investigation into Federal Reserve Chair Jerome Powell. Despite a pre-market sell-off that threatened to derail the ongoing "Freedom Rally," the benchmark index
In a move that has sent shockwaves through the American financial system, the Trump administration has officially proposed a national 10% cap on credit card interest rates. The announcement, which was first teased via social media late Friday evening, January 9, 2026, has triggered a massive sell-off across the banking
In an unprecedented escalation of the conflict between the executive branch and the nation’s central bank, the Department of Justice (DOJ) has launched a criminal investigation into Federal Reserve Chair Jerome Powell. The probe, which centers on alleged perjury regarding the $2.5 billion renovation of the Federal Reserve’
